KampData Knowledge Base

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====== Does DynamicZip allow multicurrency? ======

Microsoft Dynamics GP performs the tax calculations, not DynamicZip which means using multicurrency should have no effect on DynamicZip functionality.

Microsoft Dynamics GP Sales Transaction Entry breakdown:

  * Originating Currency - The currency based on where a sale took place. For example, a sale into Canada may have an originating currency of Canadian dollars (Z-C$ in the [[dynamiczip:glossary:Lesson Company]].
  * Functional Currency - The primary currency used by a Microsoft Dynamics GP company. The functional currency is used in sales/purchases tax reports as well as for the financial accounts. A U.S. based company will typically use U.S. dollars for their functional currency (Z-US$ in the Lesson Company.

DynamicZip Tax Reporting breakdown:

  * Currently, the tax reports can only be printed in the functional currency.

[[dynamiczip:glossary:rate_and_boundary_database|Rate & Boundary Database]] Tax breakdown:

  * [[dynamiczip:glossary:Tax Detail]] can have minimum and maximum taxable or minimum and maximum tax amounts that can be specified per tax detail. These restrictions will be based on the functional currency.
  * In the Rate & Boundary Database the minimum/maximum taxable/tax amounts are all based on U.S. dollars. At the time of this writing there are no known minimum/maximum taxable/tax restrictions for Canadian sales.


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[[dynamiczip:faq:Frequently Asked Questions]]